COMPENSATION REPORT

This SAP compensation report outlines the principles that the Company applies to determine compensation for Executive Board and Supervisory Board members and sets out compensation levels and structures. This report also contains information about Executive Board members’ stock-based compensation plans, shares held by Executive Board and Supervisory Board members, and the directors’ dealings required to be disclosed in accordance with the German Securities Trading Act.

KPMG Deutsche Treuhand-Gesellschaft Aktiengesellschaft Wirtschaftsprüfungsgesellschaft, appointed by the SAP Annual General Shareholders’ Meeting to be the auditor of the SAP AG and SAP consolidated accounts, checked this compensation report for accuracy and for compliance with the relevant provisions of the German Corporate Governance Code.